EFTA Document EFTA01360671

For his part, the central bank chief is walking a tightrope. He has conceded his much vaunted original 2- year timeframe will be missed due to inflation, but clearly also feels like he cannot give the government any scope to relax on their medium-term fiscal consolidation plan, as this was an explicit precondition for the conduct and support of extraordinary monetary easing in the first place. It warrants some 3- month vol premium on yen assets and a particularly close following of domestic da